The Internal Revenue Service (IRS) has published a list of electric and plug-in hybrid vehicles that are eligible for federal tax credits under the new Inflation Reduction Act.
Valid for purchases made on or after January 1, 2023, the list includes several Tesla models, as the new law has eliminated the tax credit cap for automakers that hit 200,000 electric vehicles sold.
It does not include all Tesla models, though. Since there’s an applicable MSRP limit of $55,000 for electric cars and $80,000 MSRP limit for electric SUVs, trucks and vans, the Tesla Model S sedan and Model X SUV are not eligible for the $7,500 tax credit. That’s because the Model S starts at around $105,000 and the Model X is priced from approximately $121,000.
While that was expected, the fact that other Tesla models are overlooked comes as a surprise for many. If you look at the list of Tesla vehicles released by the IRS (see it at the bottom of this page), you’ll notice that not all Model Y vehicles are classified as SUVs.
54 Photos
It appears that the IRS only considers the Model Y an SUV if it has seven seats; all the Model Y five-seat variants are listed as cars with an MSRP threshold of $55,000. Since the five-seat Model Y Long Range starts at just under $66,000 and the five-seat Model Y Performance is priced from just under $70,000, these variants are not eligible for the tax credit.
The Tesla Model 3 Performance is not eligible either because it starts at $62,990 and therefore goes above the $55,000 threshold. However, the RWD and Long Range versions of the Model 3 are eligible for the tax credit.
Looking at the wider list for all brands, the IRS seems to be inconsistent in classifying some EVs as cars or SUVs. For example, all Ford Mustang Mach-E models are considered cars with a $55,000 MSRP limit whereas Volkswagen ID.4 AWD models are considered SUVs with an $80,000 MSRP limit. Mind you, the ID.4 RWD is considered a car and therefore slapped with a $55,000 limit.
It’s worth noting that neither the Mustang Mach-E nor the ID.4 offer seven-seat variants, and that the only Mach-E variant eligible for the tax credit is the base Select model that starts at $46,895. Meanwhile, the Ford Escape PHEV qualifies for the $7,500 tax credit.
Here’s hoping that these inconsistencies will be ironed out by the IRS soon to ensure a level playing field for all automakers.
ivermectin 6mg over counter – buy atacand for sale buy carbamazepine 200mg pill
zithromax usa – azithromycin brand order bystolic generic
order prednisolone 10mg online – brand progesterone 100mg buy prometrium 100mg generic
buy neurontin generic – buy anafranil 25mg itraconazole buy online
order generic furosemide 100mg – nootropil buy online purchase betnovate online cheap
order monodox pill – order glipizide 5mg online cheap glipizide pill
tizanidine cost – buy generic plaquenil microzide uk
order tadalafil pill – viagra 50mg sale viagra 50mg pill
order atorvastatin 20mg generic – zestril drug order zestril 10mg generic
order lipitor pill – buy atorvastatin online cheap buy zestril 2.5mg without prescription
atorvastatin pills – zestril 2.5mg tablet brand zestril
prilosec over the counter – buy omeprazole generic buy tenormin 50mg generic
buy cytotec generic – buy diltiazem tablets order diltiazem 180mg without prescription
order acyclovir for sale – order rosuvastatin 10mg pill rosuvastatin 20mg usa
domperidone without prescription – buy sumycin pills for sale buy cyclobenzaprine without a prescription
inderal 20mg drug – buy inderal 10mg sale purchase methotrexate pills
generic coumadin 5mg – order metoclopramide brand cozaar 50mg
where can i buy esomeprazole – purchase imitrex online buy imitrex 25mg online cheap
order mobic 15mg online – cheap mobic 15mg buy tamsulosin 0.2mg without prescription
generic valacyclovir 1000mg – valtrex 1000mg sale fluconazole canada
buy provigil sale purchase modafinil without prescription order provigil 200mg for sale modafinil for sale buy modafinil 100mg online cheap buy modafinil buy modafinil 200mg online cheap
I’ll certainly return to be familiar with more.
This is a topic which is forthcoming to my fundamentals… Myriad thanks! Faithfully where can I lay one’s hands on the acquaintance details in the course of questions?
oral zithromax 250mg – order sumycin sale purchase metronidazole online cheap